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Ricardo Alban sees the federal government's initiative as a modern industrial policy to boost competitiveness and economic development. Financing of R$300 billion with zero fiscal impact.
A New Industry Brazil was recently launched by federal government, demonstrating a commitment to a new approach to industrial policy. This initiative consists of a set of programs and measures designed to face current challenges and create opportunities for the country's industrial development. The president of National Confederation of Industry (CNI), Ricardo Alban, highlighted the importance of this new approach, stating that it offers a viable path to boost the industry, promote investments in technology and innovation and increase Brazil's competitiveness on the global stage.
At a time when the need for a new industrial development policy, New Industry Brazil appears as a concrete and promising answer. the implementation of industrial policies innovations is essential to boost economic growth and strengthen the country's productive capacity. It is essential that the government and the private sector are aligned in this challenge, aiming to achieve the objectives proposed by this new approach to industrial policy.
Alban defends the need for a realistic vision for industrial policy
Alban emphasizes the importance of a realistic vision for the country's industrial policy. He questions why Brazil is still discussing ideological concepts, while other nations are already seeking to develop their industrial policies, using known tools. He highlights that it is time to join forces and transform public policies into effective actions for the development of Brazil. Alban believes that issues such as increasing productivity, digitalization, decarbonization of production processes, expanding exports and professional qualifications are not issues for a specific segment, but rather for the industry and the economy as a whole.
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The president of the CNI emphasizes that it is time for a realistic vision on the strengthening of the industrial sector and how this can be an inducer of a new cycle of economic development and social. He questions who can be against a contemporary industrial policy that seeks to boost industry. Alban highlights that the world's largest economies are implementing current industrial policies, with a focus on industrial development. He mentions amounts allocated by other countries, such as the United States, European Union, United Kingdom and Japan, to strengthen their development strategies.
Industrial Policy and Economic Development
Regarding Nova Indústria Brasil, Alban emphasizes that the planned investments are an important step towards the development of Brazil. He highlights the importance of uniting economic actors and promoting greater industrialization of agricultural and mineral commodities. Alban defends the need to increase manufacturing, adding value and encouraging jobs with greater socioeconomic impact. He emphasizes that being against a modern industrial policy is going against the country's development and that it is necessary to stay the course and make the necessary adjustments.
Federal Government and Competitiveness
In addition to investments, Alban highlights that Nova Indústria Brasil has a zero additional fiscal impact over the four years of the plan. He mentions that the resources allocated to the plan do not imply additional expenses from the Treasury. Alban emphasizes that the policies of countries that are investing in their industries seek to strengthen and diversify financing and support structures for local production.
Regarding competitiveness, the president of the CNI points out that Brazil faces challenges, such as the high cost of financing. He highlights that the Mais Produção Plan offers lines of credit at more affordable rates, which can positively impact Brazilian industry. Alban says that it is necessary to discuss the banking spread in Brazil in a constructive way, understanding that the sustainability of financial intermediation presupposes a balanced productive sector.
Industrial Development and Investment
Alban highlights that Brazil is an agro-industrial power due to investments in innovation and technology in the sector. He highlights that the new industrial policy goes in the same direction, with a focus on industry, promoting investments in sustainability, productivity and strengthening production chains in the country. Alban emphasizes that these investments can promote economic growth and social development for Brazilians.
Furthermore, Alban addresses the issue of fiscal spending, highlighting that most of the resources allocated to the Mais Produção Plan refer to credit, which will be paid by borrowers. He highlights that fiscal spending is a small portion of this amount, for the equalization of interest rates. Alban compares the Mais Produção Plan with the Safra Plan, highlighting the investments made in each sector.
Conclusion: Commitment to Industrial Development
Alban defends the commitment of all actors in the economy to strengthen Brazilian industry, aiming to take advantage of the opportunities that new global demands offer. He highlights that the transformation of Brazil's industrial reality is urgent, and that industrial development is a real need, not an ideological concept. Alban concludes that it is time to join forces and contribute to Brazil's industrial development, following the practices adopted by other nations.
Source: Industry Portal
